Murstein's Stimulus-Value-Role theory of dyadic relationships, in which attraction depends on the exchange value of the assets and liabilities each person brings to the situation, is employed as a foundation for this review of the literature on interpersonal attraction in the counseling relationship. A three-stage model, accounting for both counselor and client attraction, as well as the growth or decline of attraction across the duration of the relationship, is presented in detail. Each stage (stimulus, value, role) of the model is depicted first from the perspective of the client, then from that of the counselor. The materials explain that existing data point to certain key variables as critical to maintaining the equity necessary for attraction at each stage of the developing relationship. These variables are presented, and the role of each in the development of counselor and client attraction is discussed. (Author/JAC)